We offer the following to suit the requirements of government departments or organizations.
No initial funding requirement
Zero Balance Account
Unlimited cash withdrawal at Branches
Free Anywhere Banking Facility at all Utkarsh Bank locations
Free E-mail, physical, and consolidated annual statement and SMS Alerts
Instant Online Funds Transfer Facility to Utkarsh Bank Beneficiary Accounts
Customized Cash Management Services and Account Management Services
* Conditions Apply
We have a host of facilities tailor-made for our privileged customers
Collection and Payment Services
Fund Management Services
If your institution falls in any of the following categories you are eligible to do business with us
Institutions other than those mentioned in section 26(h) and whose entire income is exempted from payment of Income-tax under the Income-Tax Act, 1961.
Government departments, bodies, and agencies in respect of grants or subsidies released for implementation of various programs and Schemes sponsored by Central Government or State Governments subject to production of an authorization from the respective Central/ State Government departments to open savings bank account.*
Fees, Charges, Service Taxes and other statutory impositions will be levied from time to time. For more details please visit the nearest branch.
Which departments and agencies are eligible to apply?
If your instruction falls in any of the following categories you are eligible to do business with us
- Institutions other than those mentioned in section 26(h) and whose entire income is exempted from payment of Income Tax under Income Tax Act 1961
- Government Departments, Bodies and agencies in respect of grants or subsidiaries released for implementation of various programs and schemes sponsored by Central & State Governments subject to production of authorization from the respective Central/State governments to open savings bank account
How many Government Institutions are there?
There are three types of government institutions –
- Central Government (Eg-Public Sector Undertakings, Ministries, Corporations etc)
- State Government (Eg-Autonomous Bodies & Boards, State Government Departments etc)
- Local Government (Eg-District Magistrates, Gram Panchayats, Zila Panchayats, Municipal Bodies etc)
Other institutions are also covered. Contact Branches
What privileges can be availed of upon making an account?
Initial funding is not required and a zero balance account can be opened. Any department or government body that opens an account with us can have unlimited facilities. They can also avail of instant Online Funds Transfer Facility to Utkarsh Small Finance Bank Beneficiary Accounts
What are the fees and Charges?
The fees and charges are updated time to time. Please contact branches